Joby Aviation prices public offering of 43.99M shares at $4.10/sh, raising ~$180M

Joby Aviation, Inc.

Offering of 43,985,681 shares at $4.10 per share; gross proceeds ~$180M.
Net proceeds estimated at ~$180.2M after expenses; expected to close May 5, 2023.
Proceeds to fund certification, manufacturing, commercial operations, and working capital.
Baillie Gifford Overseas Limited acted as agent for the institutional investors.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Joby Aviation, Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $180.2 million (effective 2023-05-03).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $180.2 million
Effective: 2023-05-03

Exact text from the filing

On May 3, 2023, Joby Aviation, Inc. (the “Company”) entered into a common stock purchase agreement (the “Purchase Agreement”) with certain institutional investors for the issuance and sale in a registered direct offering of 43,985,681 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), at an offering price of $4.10 per share.

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Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-23-000167

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